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This study used the National Postsecondary Student Aid Survey (NPSAS:87 and NPSAS:93) to examine how debtload influences undergraduate persistence decisions at both public and private colleges. Tuition prices continued to have a significant negative effect on persistence; however, that effect decreased from 198 7 to 1993 in all cases. At every level, private school students were more sensitive to the effects of debtload than public school students. This finding was especially significant in the 1993 model.
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Cofer et al. (2000) studied this question.
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